As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
Under Section 251 of the Income Tax Act, 1961, the Commissioner of Income Tax (Appeals) [CIT(A)] has wide-ranging...
Section 139(1) of the Income Tax Act, 1961, lays down the rules for who must file an Income Tax Return...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
Section 10(12) of the Income Tax Act governs the tax treatment of withdrawals from a Recognised Provident...
Certain professionals and government employees receive special allowances that are fully or partially...
Section 54EC of the Income Tax Act, 1961, provides tax exemption on long-term capital gains (LTCG) from...
To avail tax exemption under Section 11, a charitable or religious trust must satisfy the following mandatory...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
1. Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
1. What is PAN?
PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
Here’s a detailed explanation of Section 206CB: Processing of Statements of Tax Collected at Source...
What is PAN?
Permanent Account Number (PAN) is a unique ten-digit alphanumeric identifier issued by...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...